Continuance of employees.

Corporate198334 sections7 chapters

Chapter V PROVISIONS RELATING TO THE EMPLOYEES OF THE COMPANY

Statutory text

(1) Every person who has been, immediately before the appointed day, employed in any undertaking of the Company shall become,—
- (a) on and from the appointed day, an employee of the Government, and
- (b) where the undertakings of the Company are directed under sub-section
(1) of section 6 to vest in a Government Company, an employee of the Government Company on and from the date of such vesting, and shall hold office or service under the Government or the Government Company, as the case may be, with the same rights and privileges as to pension, gratuity and other matters as would have been admissible to him if there had been no such vesting and shall continue to do so unless and until his employment under the Government or the Government Company, as the case may be, is duly terminated or until his remuneration and other conditions of service are duly altered by the Government or the Government Company, as the case may be.
(2) Notwithstanding anything contained in the Industrial Disputes Act, 1947 (Central Act 14 of 1947), or in any other law for the time being in force, the transfer of the services of any officer or other person employed in any undertaking of the Company to the Government or the Government Company shall not entitle such officer or other employee to any compensation under this Act or under any other law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority.

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